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by Alexander E. Kaufman (Huffington Post/Yahoo! News) … The 11-page Evergreen Action memo highlights the limits of what the Biden administration can do unilaterally. At least a dozen ideas proposed in the document require Congress to act, including nearly all steps to cut off financial benefits to fossil fuel producers. There’s the intangible drilling deduction, which lets oil companies deduct the cost of drilling new wells from their year-end tax bills, valued at $1.59 billion annually or $13 billion over the next 10 years. There are roughly $530 million in deductions for royalty payments to foreign governments for drilling overseas, and as much as $8.8 billion over the next 10 years in incentives for using captured carbon emissions to extract the dregs from oil wells. Then there’s the “first out, last in” accounting trick that allows companies to reduce their tax bills by selling off the most expensive fossil fuel reserves first, artificially reducing the inv ....